The Chairman of BUA Group, Abdul Samad Rabiu, has expressed optimism that the naira will appreciate further in the coming months, predicting that the exchange rate could strengthen to between …
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Naira
- BusinessEconomyForeign ExchangeGovernanceINVESTMENTOil & Gas
Nigeria Records 16-Year Low in Crude Oil Theft
Nigeria has achieved its lowest level of crude oil theft in 16 years, a development analysts say could ease pressure on the foreign exchange market, boost fiscal revenues, and restore …
- BusinessCentral BankingEconomyForex TradingInflationNigeriaOil & Gas
Naira Sustains Rally, Trades Below N1,500 to Dollar as Reserves Hit $41.59bn
The naira continued its rally on Wednesday, closing at N1,500.91 to the United States dollar at the official Nigerian Foreign Exchange Market. The performance marked a significant milestone as the …
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Naira Strengthens Slightly at Official Market as Reserves Hit $41.27bn
The naira recorded a slight gain on the Nigerian Foreign Exchange Market on Friday, closing at ₦1,531.57 per dollar. This marked a 0.23 per cent appreciation compared to the previous …
- BankingBusinessEconomyFinanceForex TradingOil & Gas
Naira Gains Slightly as Nigeria’s External Reserves Hit $41 Billion High
The Nigerian naira recorded a slight appreciation against the United States dollar on Thursday at the official foreign exchange market, as the country’s external reserves rose to a four-year high …
- BusinessEconomyFinanceGovernment PolicyINVESTMENT
Naira Faces Weak Start but Experts Predict Stability Ahead
The naira began the new trading week on a weak note as it exchanged at ₦1,533.67 to one United States dollar at the Nigerian Foreign Exchange Market, according to figures …
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Naira Ends Week Mixed Across Official and Parallel Markets Amid Forex Demand Surge
The Nigerian naira ended last week with a mixed performance in the foreign exchange market, as it recorded marginal gains at the official window but slipped in the parallel market. …
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Naira Nears N1,530/$ as Forex Market Gains Confidence
The naira moved closer to N1,530 per dollar in the parallel market as trading resumed on Monday, July 21, 2025. This movement comes as Nigeria’s foreign exchange market maintains some …
- AfricaBanking, Finance & InvestmentEconomyFinance & ServicesMarketsNigeria
Naira Gains Slightly as FX Market Liquidity Improves
The Nigerian naira appreciated against the US dollar across both official and parallel foreign exchange (FX) markets on Tuesday, July 2, 2025—the first trading day of the new month. This …
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President Tinubu Says Nigeria Is on Path to Food Sovereignty
President Bola Ahmed Tinubu has said that Nigeria is on its way to food sovereignty due to the policies his administration has put in place. He made this statement on …